Eddisons Commercial Limited says ..

Property Oracle says ..

This listing presents a development opportunity in Papworth Everard, Cambridgeshire, involving a 0.625-acre plot of land with outline planning consent for six two or three-story homes. The site is centrally located within the village, offering proximity to amenities and schools such as Pendragon Community Primary School (Good Ofsted rating). Nearby streets exhibit a mixed range of property values, indicating variability within the local market. While the site’s current condition consists of mainly gravel and sparse grass, the potential for residential development is significant. The £670,000 listing price appears reasonable, given the land size and planning consent, however, the final assessment of value should include a thorough feasibility study considering all development costs and potential profits. Further investigation into specific construction costs and market conditions is required for a complete financial valuation. The lack of information regarding build costs and detailed information regarding the planning permission prevents a more accurate assessment of value. The property would be suitable for developers looking to build residential housing in a desirable area. Due diligence on the planning permission, build costs, and potential market sale price is recommended.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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